Giving increased by 1.7% in the latest fiscal year, according to the Council for Aid to Education’s annual Voluntary Support of Education survey, released Tuesday. That included just two gifts of at least $100 million, compared with eight such megagifts the prior year. Charitable gifts to higher education remain concentrated among a small group of institutions—most already among the wealthiest in the country. The University of California, San Francisco, last month said it got a $500 million gift from the Helen Diller Foundation, and in October, Nike Inc. co-founder Phil Knight announced a $500 million gift to the University of Oregon. Kathryn Holland TamHarvard gets between $45 million and $50 million in gifts of $10,000 or less each year, a school spokesman said.

Source: Wall Street Journal February 07, 2017 04:52 UTC